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Sri Lanka to target Indian investors - Jammu Kashmir Latest News | Tourism

COLOMBO, Mar 16: Dispelling all concerns, the Colombo Port City officials are wooing Indian investors in the Sri Lanka project in contest with Dubai, Singapore and Malaysia. The Port City will hold road shows in India in the next two to three months to showcase the benefit of the project to Indian investors, Saliya Wickramasuriya, spokesperson for the Colombo Port City Economic Commission said. Colombo enjoys a cost advantage of 80 per cent,76 per cent, 29 per cent and 21 […] ....

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Sri Lanka's Sweet Deal with China Underpins the Belt and Road Initiative


Sri Lanka’s Sweet Deal with China Underpins the Belt and Road Initiative
Colombo will serve as a potential foothold for expanding Chinese diplomatic and military presence in the Indo-Pacific region.
The Colombo Port City Economic Commission Bill came into force in Sri Lanka on May 27, 2021. The bill lays out the country’s legal framework regarding a flagship project scheduled to transform the seafront of its bustling capital city into a new port. Many have speculated that this plan will pave the way for the island nation strategically located at the crossroads of major shipping routes to South Asia, the Far East, Europe and America to blossom into the next Singapore or Dubai. ....

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